The world economy to hit for a whopping $600 billion, due to the US-China trade war

The world economy to hit for a whopping $600 billion, due to the US-China trade war

Washington: A report published by Bloomberg, a leading financial institution in the United States revealed that the effects of the trade war between the largest and the second largest economies in the world would not be restricted only to the warring countries and the worldwide effects will become apparent. The financial institution has warned that […]

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Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Cybercrime cost world economy more than $600 billion; Intellectual Property & banking sector prime targets

Washington: The scope of the threats in the cyberspace is increasing by the day and the cybercrimes have costed the world economy to the tune of $600 billion. In rupee terms, this is an astronomical equivalent of ₹40 lakh crore. The leading US think tank, ‘Centre for Strategic and International Studies’ (CSIS) and the cyber […]

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China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

Beijing : Economists have warned that Chinese President Xi Jinping’s ambitious ‘One Belt One Road’ Project is posing a danger to  the global financial system. Government banks of China are trying to raise funds to be issued as loans to the deprived and potentially dangerous countries. Economist Xu Chenggang and Bjorn Conrad have raised their […]

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US-China trade war accelerates decline of Chinese economy, China’s statistics misleading 

US-China trade war accelerates decline of Chinese economy, China’s statistics misleading 

Beijing/Washington: Last month, the Chinese government had announced a drop of 6.2% in the Chinese GDP growth. However, the US media claimed that the statistics were misleading, and the GDP fall was more than the published figure. In the past, China was revealed to overplayed economic growth figures, which it is repeating, as per an […]

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Chinese economy will be severely hit because of the taxes imposed by President Trump, IMF warns a decline of 0.8% in 2020

Chinese economy will be severely hit because of the taxes imposed by President Trump, IMF warns a decline of 0.8% in 2020

Washington/Beijing:  Due to the trade war initiated by US President Trump, the Chinese economy is on the verge of decline, and if further burdened with taxes, it would collapse in the year 2020. A report published by the International Monetary Fund (IMF) regarding China, warns that the Chinese economy can decline by 0.8%, under the […]

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USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

USD will lose its leader status in the global economy, warns leading financial institution JP Morgan

Washington: JP Morgan, the leading financial institution in the world, warned that in the coming decades the global economy is set for some landslide changes and USD will lose its influence on the worldwide economy and the system with the influence of the Asian continent will take over as the leader. Only last month, former […]

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Chinese economy tumbling because of US taxes retorts President trump

Chinese economy tumbling because of US taxes retorts President trump

Beijing/Washington: President Trump retorted that the Chinese economy plunged because of the taxes imposed by the United States. It was revealed, on Monday, that the Chinese economic growth has declined to 6.2% for the second quarter of 2019. This is the lowest for the last 27 years. The trade war, between the United States and […]

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Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Washington/Islamabad: After reprimanded by the International Monetary Fund (IMF) in the last week, there is a new financial crisis that haunts Pakistan. The senior arbitrator from the World Bank has ordered the Pakistan government to deposit a fine of whopping USD 5.975 billion. An international mining company had filed a case with the World Bank, […]

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China should sever ties with the US economy, warn Chinese economists

China should sever ties with the US economy, warn Chinese economists

Beijing: A Chinese economist and analyst, has made a dramatic statement saying that it was possible to sever the economic and trade ties, between the two leading economies of the world, the United States and China. The Chinese economist has drawn the world’s attention with the statement, just as the trade war US President Donald […]

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